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Updated about 7 years ago,

User Stats

22
Posts
7
Votes
Barclay Chan
  • Rental Property Investor
  • San Lorenzo, CA
7
Votes |
22
Posts

Buying my first turnkey property sometime in the next two months

Barclay Chan
  • Rental Property Investor
  • San Lorenzo, CA
Posted

Hi all,

I currently have a house and a rental in the San Francisco Bay Area. I want to start building a portfolio with a bunch of passive income rentals and I know I have to start looking out of state if I want positive cash flow.

I narrowed it down to three markets and was was wondering which one you guys think is best and why? Dallas TX, Cleveland OH and Tampa Bay FL, more specifically Pasco county. I am leaning more towards Pasco county just because the houses aren't as old as Cleveland and taxes aren't as expensive as Texas. Seems like it can get me over a 10% return with 20% down, not too sure how the appreciation will be since it is the outskirts of Tampa Bay. I am also looking at ranges between $80,000-160,000. 

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